U.S. Granted Utility Patents Originating in King County, WA
PATENTCOUNTY53033 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,155.00
Year-over-Year Change
255.74%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in King County, WA' data series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in King County, Washington. This metric is a key indicator of regional innovation and technological development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Utility patents are a type of patent granted for the invention of a new and useful process, machine, article of manufacture, or composition of matter, or a new and useful improvement thereof. The number of utility patents originating in a specific geographic area, such as King County, provides insight into the level of innovative activity and technological leadership within that region.
Methodology
The data is collected by the U.S. Patent and Trademark Office and based on the location of the primary inventor listed on each granted utility patent.
Historical Context
This metric is used by policymakers, economists, and businesses to assess the innovation capacity and competitiveness of different regions within the United States.
Key Facts
- King County, WA is home to major technology hubs like Seattle.
- Utility patents represent over 90% of all patents granted in the U.S.
- The U.S. is a global leader in utility patent generation.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in King County, Washington.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating in a specific geographic area provides insight into the level of innovative activity and technological leadership within that region, which is valuable information for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and based on the location of the primary inventor listed on each granted utility patent.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and businesses to assess the innovation capacity and competitiveness of different regions within the United States.
Q: Are there update delays or limitations?
A: The data is published by the U.S. Patent and Trademark Office, and there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in King County, WA (PATENTCOUNTY53033), retrieved from FRED.